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How to Budget for Utilities and Hidden Rental Costs

Real Property Management Evertrust

From utilities and security deposits to holding the proper insurance, spending can quickly add up. Let’s check out what you need to learn about the cost of renting, utilities for renters, and more. The goal of a security deposit is to protect the landlord from financial problems in the event of property damage or other expenses.

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Are energy management systems right for all property managers?

Yardi Breeze

Property managers have always grappled with challenges around energy cost recovery and reporting. That means they’re doing monthly utility calculations, inputting utility invoices into custom spreadsheets and manually generating charges for tenants. Many small businesses, however, continue to struggle with manual processes.

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Are Utilities Included in the Rent, Explained

Bay Property Management Group

Rent prices are always changing, and having utilities included might seem like an easy way to keep things simple. But are utilities included in rent? Main Takeaways To know if utilities are included in the rent, your answer is simple: look at your lease (and local laws). Read below to learn more.

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8 practical use cases for AI in property management that you can try today

Buildium

Property managers are under pressure to do more with lessfrom labor shortages to rising costs. What Is AI in Property Management? In property management, these abilities are used to optimize workflows that would otherwise take longer. If you automate too much, you could end up losing business.

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What Utilities Are Included in Rent: A Guide for Tenants

Bay Property Management Group

When people set up their monthly budget, rent is usually the #1 priority, followed by utilities. But sometimes, utility costs can pile up fast and throw off your entire budget. That’s why some landlords bundle certain utilities with the rent. Still, what utilities are included in the rent, exactly?

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Social media marketing for property management: How to build a strong presence on the right channels

Buildium

As a property manager, you already know that, to find new clients and tenants, youll have to meet them where they are. Let’s dive into some social media strategies for property management to help you broaden your reach and better engage with your audience.

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Best practices for expanding your property management portfolio into new markets

Buildium

The most successful property managers aren’t just overseeing properties—they’re expanding. Understanding the Benefits of Expanding Your Property Management Portfolio Expanding your portfolio comes with real advantages. If commercial real estate rents dip, your residential properties can buoy you up (and vice versa).